Centrica is giving up its stake in Cuadrilla’s shale gas licence in the Fylde near Blackpool.
UK Oil & Gas has said it could stimulate or sidetrack its second oil well at Horse Hill in Surrey to achieve long-term production.
IGas has announced redundancies, including the chief finance officer, in a £1m cost-cutting programme.
A legal challenge against the oil and gas industry regulator will be heard at the High Court next month (July 2020).
North Lincolnshire Council has paid costs of £403,000 after losing an appeal on plans for oil production at Wressle, the site operator has confirmed.
The Australian owner of Cuadrilla says it is carrying out a review of the company’s costs following the fracking moratorium.
UK Oil & Gas plc said today it had delayed its capital expenditure programme because of the covid-19 outbreak.
Europa Oil & Gas, one of the main investors in oil production plans at Wressle, announced today it had cut salaries and cancelled non-core contracts because of the coronavirus outbreak and oil price falls.
Production from the Wressle oil site near Scunthorpe will break even at $17.62 a barrel, the operator, Egdon Resources, has said. In an update, the company’s managing director, Mark Abbott, said: “Our modelling shows that the Wressle development is economically robust at and below the current oil price […]
The ruling has been delayed in an appeal by the first campaigners found guilty of breaching an injunction against anti-fracking protests.